Sustainable BusinessSPACs target more ESG companies in 2021 -Nomura Greentech
Simon JessopPatturaja Murugaboopathy
3 minute read
An Engie Green power-generating windmill turbine in the middle of rapeseed and wheat fields, in Saint-Hilaire-lez-Cambrai, France, May 18, 2021. REUTERS/Pascal Rossignol
Companies with environmental, social and governance (ESG) credentials have been high on the list of merger targets for U.S. special purpose acquisition companies (SPACs) so far in 2021, data from Nomura Greentech showed.
U.S. IPOs by SPACs with a focus on ESG or sustainability and in sectors including environmental technology, transportation, industrials, water and energy totalled 49 in the first four months of 2021, out of a total of 306, Nomura's data showed.